Reported 1 day ago
Krispy Kreme Inc. saw its stock decline by 23.40% after reporting a 10.4% drop in fourth-quarter sales to $404 million, failing to meet analyst expectations. Contributing factors included a dip in U.S. sales, significant cybersecurity incident expenses, and restructuring efforts. The company anticipates lower revenues and earnings for FY25, projecting revenues between $1.55 billion and $1.65 billion, well below analyst estimates.
Source: YAHOO